FTC clears K+S acquistion of Morton Salt, minor divestment required

The purchase of Morton Salt by German-based K+S, a major salt producer in Europe and South America, has received an antitrust go-ahead from the U.S. Federal Trade Commission. The FTC is requiring K+S to divest itself of its bulk deicing salt operations in the states of Maine and Connecticut where Morton has competed head-to-head with K+S's U.S. subsidiary International Salt Company (ISCO). Dow Jones newswire carried the story.

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